Intermediate Product is defined as a product that adds value but is not yet in its final form. This can be anything from raw materials to unfinished goods, such as fabric in the clothing industry or components for electronics. The end goal for intermediate products is to eventually become finished products, meaning they require further processing to become retail-ready and marketable. Intermediate products help streamline the production process by allowing companies to break it down into more manageable chunks. By utilizing intermediate products, businesses can greatly reduce costs, reduce time to market, and create better-finished products in the end.